TORONTO, ONTARIO--(Marketwired - April 7, 2015) - THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Uranium Participation Corporation ("UPC") (News - Market indicators) reports its estimated net asset value at March 31, 2015 was CAD$752.6 million or CAD$6.46 per share. As at March 31, 2015, UPC's investment portfolio consisted of the following:
1 Includes a CAD$3,987,000 fair value adjustment for UPC's UF6 inventory held at the United States Enrichment Corporation's enrichment facility.
2 Market values are month-end spot prices published by Ux Consulting Company, LLC, translated at the month-end noon exchange rate of $1.2683.
During March 2015, UPC purchased 356,500 of its outstanding shares under the normal course issuer bid filed in November 2014, at an average price of CAD$5.60 per share for a total of CAD$1,996,000.
During March 2015, UPC entered into an agreement to loan 1,300,000 lbs of U3O8 with a return date in April 2017. The loan is subject to a loan fee of 1.0% per annum and is secured with an irrevocable bank guarantee.
About Uranium Participation Corporation
Uranium Participation Corporation is a company that invests substantially all of its assets in uranium oxide in concentrates ("U3O8") and uranium hexafluoride ("UF6") (collectively "uranium"), with the primary investment objective of achieving appreciation in the value of its uranium holdings through increases in the uranium price. Additional information about Uranium Participation Corporation is available on SEDAR at www.sedar.com and on Uranium Participation Corporation's website at www.uraniumparticipation.com.